As World Cup nears, CZ–backed YZi Labs increases investment in prediction market startup Predict.fun
The Block
YZi Labs, backed by Changpeng "CZ" Zhao, has increased its investment in the prediction market platform Predict.fun ahead of the FIFA World Cup.Summary
YZi Labs, a venture firm supported by Binance co-founder Changpeng "CZ" Zhao, has announced a follow-on investment in the crypto-native prediction market platform Predict.fun. The funding round also included participation from Susquehanna Crypto. This development coincides with Binance's recent testing of an in-app prediction feature powered by Predict.fun, which operates on the BNB Chain. As interest in prediction markets grows, CZ anticipates that the upcoming FIFA World Cup will drive significant activity on platforms that allow users to wager on real-world event outcomes.
(Source：The Block)